Topic: [ANN] Syscoin- FINAL 2.0 LAUNCHED! *ENCRYPTION, MARKETPLACE, BTC INTEGRATION* - page 12. (Read 582967 times)

I hate to be a negative nelly, but what, exactly, are you referring to here?


Absolutely.


Cool. I must have missed something. What is it? Precisely, I mean?

Hmm. First, your new plan seems marginally better than your old plan. However, changing the fundamental characteristics of the distribution at all just seems shifty.

From the release:

Other than announcing the insiders will be getting 15M coins, this statement is content-free. What is the exact schedule of disbursement? Will 15M new coins (of the eventual 900M) just poof into existence at the time Syscoin 2.0 goes live? Will they be in address(es) controlled solely by insiders (i.e. 'the team')? Who are these insiders?

I note there is still no answer to the question of whether the exchanges will be stealing our 'old-SYS' coins at the point in time we are granted an equal number of Syscoin 2.0. Inadvertent omission? Not known? Inconvenient to answer truthfully?

ATH coming!!! 

I don't think people realise yet what's going on here lol  Long term supply is cut in two! Meaning, the long term value of this coin has suddenly doubled. On top of that there is some real economy bitcoin killer app stuff going on. Tired of hearing the same buzzwords (marketplace, decentralized assets etc.) but these guys seem to actually make it happen.

FANTASTIC news for SYS investors  Market cap is still low, great long term investment potential 

I'm very pleased with the decision by the Syscoin team to focus on development instead of artificial scarcity.

I support this.

That's odd the API token must have expired or something, I'll fix this tonight. if you want to PM me your email I'll manually send you an invite.


This is something we heavily debated internally, and are still discussing actually. Because Syscoin will likely have other features beyond just the marketplace (assets, prediction markets both possible) choosing a brand name that is solely related to the marketplace function could artificially limit Syscoin's value. As such we'd want to choose a new name that doesn't have "coin" or "cash" in it but is a more general platform brand. I like Agora, i mean i know its still limiting in that its greek for marketplace but i like how its not as direct as "marketcoin" etc.

The problem with Agora is that its also the name of a darkmarket, and we don't want to lead with that. This branding thing is still a topic of discussion. Interested to hear what the community think on this topic- if we were to rebrand the time to do it would be this upcoming 2.0 launch. If we choose to rebrand it would also incur come additional work as we'd need to update all our materials accoringly, which would delay the 2.0 launch - something we're trying to avoid.

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In other News:

Syscoin 2.0 Final Coin Specs - http://syscoin.org/syscoin-2-0-final-coin-parameters/
Syscoin debuts final 2.0 Beta - http://siliconangle.com/blog/2016/03/31/altcoin-syscoin-release-final-2-0-beta-releases-a-range-of-new-decentralized-functions/

To be clear the final 2.0 beta is being released tonight (US/PST) along with another blog post!

The Sys Slack invite on the op returns the following message:


 

I was actually looking at the bigger picture, like online markets/stores in general like Ebay, auctoin sites, online warehouses where you use fiat currency. For Average Joe there is not much reason to flock to bitcoin yet in terms of trading goods, besides purse.io and a few individual merchants. Maybe decentralized markets such as Syscoin, OpenBazaar and BitBay could change this. But that's way ahead in the future. For me, cryptoland's initial reaction will tell much about the future of decentralized markets.

I'm also wondering why you are sticking with the name Syscoin? If the main feature is a decentralized market, it would sound more logical to me to rebrand Syscoin to something more familiar like Marketcoin, Bitmarket, Plazacoin or maybe Agora?

Loving this need to stock up and hold!

Totally agree that success @ scale will heavily depend on merchant adoption (which in turn will drive buyer adoption). Curious which competitors your referencing or who you see as competition because there are very few decentralized competitors out there that the average Joe can use short of OpenBazaar?

Thank you for your response. I think such marketplace is brilliant idea and I can see the price is the lowest from March. But before buying I wanted to do some research and learn something more. So thank you for all your opinions.

Well at that price (conversion taken out of account) the marketcap of syscoin should be around 40 million dollar. Same as MAIDsafe reached earlier based on mostly hype, so it is possible.

I bought some Syscoin in mid-februari, but I have no idea what the potential could be. I don't know if the average joes will adopt this marketplace, as there are many out there. It will depend on the tech and on the marketing strategy of the team.

Don't be fooled by the massive dump in the last couple of days, that's just the day traders moving on. I expect the price of Sys to minimally double when they will be releasing.

I'm long term holding even if i dont agree with their economic point of view.

The technology is worthit

Hi, do you think this prediction could be real? http://bitcoinagile.com/609580/syscoin-price-prediction-march-28th_stream. That it could really "continue to .0002 in the near term from the down peak as huge spike". I am consindering long-term investment into this coin and I would like to hear some opinions.

Nope. That's probably how I'll do mine too.

Working now..just signed out and back in

I have no idea why it doesn't work. If you are on android, i would update the app.

I don't think so. You will be able to import the private key into the new syscoin 2.0 wallet. That is what i've heard.